저자: MarcFaber · 외국인
요약 보기
2021년 말 글로벌 증시 과열을 경고하며 2022년 조정 가능성을 제기한 인터뷰. 시장 과열 진단: 2021년 글로벌 주식 호황이 2022년에도 이어지겠지만 투자자 낙관은 서서히 식을 것이라고 봄. 암호화폐, 밈주식, 이익 없는 컨셉주식 등 경험 없는 투자자의 과도한 낙관이 문제라고 지적. 섹터 흐름: 2021년 성과가 부진했던 금광주·귀금속주·가치주가 향후 상대적 수혜를 받을 것으로 봄. 반면 미국 FANG 계열, 애플, 반도체주, 테슬라 등 헤지펀드 비중이 높은 인기주는 부진할 것으로 전망. Marc Faber 본인 포트폴리오: 분산투자가 기본 전략이며 가치주와 고배당주 중심. 유럽 유틸리티, 아시아 은행, 담배회사, 자원기업, 금광주, 글로벌 부동산, 귀금속, 확정금리 증권을 보유. 인도 시장: 인도 경제는 여전히 성장 중이라 상대적으로 견조하지만 아시아에서 가장 비싼 시장이라 현재 직접 포지션은 없음(인도 회사채 일부 보유, ETF는 간헐적 보유). 더 나은 가치는 인도네시아, 말레이시아, 싱가포르, 홍콩에서 발견. 투자자 조언: 수익 극대화보다 자본 보존이 중요하며, 도박식 베팅은 원금 손실 위험이 크다고 경고. 부동산, 주식, 현금·확정금리, 귀금속, 일부 암호화폐·원자재로 자산을 나누고 한 국가에 몰빵하지 말 것을 권고. 리스크: 과열 조정 가능성과 고평가 시장에 대한 경계가 핵심 리스크로 제시됨. 전반적으로 장기 관점의 분산·방어 전략 강조.
다듬은 글
hello mark and welcome to the show well thank you very much for having me and welcome to all the viewers in india it has been a boom in the global equity markets for most part of 2021. uh will they carry this enthusiasm in 2022 as well i think the enthusiasm of investors will not vanish overnight it's a process that takes time and maybe in india it will stay at the high level for a while because the indian economy is one of the few economies in the world that despite of everything is still expanding we have to see that very clearly so i think that maybe in india you have a situation where the economy outperforms the rest of the world and the stock market continues to do well maybe not as well as in 2021 but i i think globally we need a correction in markets here there is as you pointed out too much optimism among investors and mostly among investors who have no experience they are you know the people that both into cryptocurrencies uh into memes stocks concept stocks that have no earnings and so forth um equity market inflation commodities now cryptos everything seems to be on an upswing uh is this gonna end badly uh for the financial markets let's say a year from now or two years from now well i think if we look at 2021 one sector that hasn't done well are gold shares precious metal stocks and value stocks value stocks around the world have been left behind and what has performed in the u.s are the fung and fung related stocks facebook amazon netflix and so forth apple and semiconductor stocks and stocks like tesla but overall the typical stock hasn't done very well and i think that we are at the juncture in the markets where these favorite of investors where hedge funds are heavily weighted the funds stopped i think they will underperform and the money will flow into value stocks that's my impression what has been your investment strategy strategy mark over the past one year well my strategy is always the same diversification you know i don't need to make speculative gains i have mostly value stocks in my portfolio and high dividend stocks in other words in europe i have utilities and i have some banks here in asia they have different when i bought them they had dividend yields of four or five percent and i have some tobacco companies and of course i have some resource companies because i believe that commodity prices are not gonna go not gonna collapse i have gold shares and then i have real estate around the world and uh have uh precious metals and i have fixed interest securities what about india do you hold any on your portfolio i hold some bonds on indian companies and occasionally i own shares in the indian etf but at the moment i have no position i think the market is fundamentally sound but fundamentally very expensive it's the most expensive market in asia and i find much better value elsewhere in asia which other markets would where you find the value mark i think there is some value emerging in indonesia it has similar characteristics to india not as well developed as india but as a country it's similar then i have in malaysia some holdings and of course singapore hong kong hong kong is very cheap so what's your advice to investors how should they approach equity markets in 2022 especially in the case of india but what do you understand you say advice to investors that depends on whom i would say preservation of capital becomes now more important than thinking how can i make or double my money you can probably double your money but you have to take an approach of a casino i put everything on black and if at the roulette table red comes out you lose everything you understand absolutely so as an investor who is interested in investing for the future or for his long term or for his family there's only one thing diversification real estate in stocks cash and fixed income income and precious metals and maybe some cryptos and maybe some commodities but the broad asset allocation is this diversification and not all the money in one country thank you mark thank you so much for your time we hope to see you soon well bye-bye and merry christmas to all your viewers if you like this video share it and subscribe to business standard for more news views and insights log on to www.businesshyphenstandard.com do also follow us on youtube twitter facebook instagram telegram and linkedin
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